Company Crowns Both Buyers and Vendors the Winner: VendorSeek’s Model Awards Vendors with Leads and Buyers with Multiple Quotes

Mt. Laurel, N.J., July 13, 2007 — VendorSeek.com bases their model around the benefits of multiple quotes. The online marketplace, launched in 2002, provides buyers with multiple quotes from their 7,000 + vendors. The business-to-business service provides competitive quotes to buyers in over 150 categories including commercial loans, Web site design, and search engine optimization.

VendorSeek President, Ken Wisnefski, procured the vision for his company well before its inception. “Before I started VendorSeek, I worked in the business industry,” states Wisnefski. “I realized there were many opportunities to buy services, but there was no cohesive way of analyzing your options and getting a competitive quote without having to go through many motions; and in the business world, time is very valuable, you cannot spend a whole day contacting vendors and pondering which move is the best for your business.”

Jim Keough of Impact Direct, an SEO (search engine optimization) service, offers comment on VendorSeek’s system, “We are both a vendor and a buyer with VendorSeek. We attract leads from being in their system, but we also are in need of business services ourselves. We have success with getting great quotes. We save both time and money from working with other vendors in the system. Really, we save money on both ends, because we also do not have to worry about marketing as much. We get search optimization leads all the time from VendorSeek.”

Wisnefski compares his own concept to that of LendingTree, which enables potential buyers to get multiple mortgage quotes. “I really liked the LendingTree notion of buyers benefiting from the lenders competing for them. I thought the concept could be implemented into the business-to-business world,” states Wisnefski. “The great thing about VendorSeek is both buyers and vendors benefit. Buyers get competitive quotes and vendors get quality leads, which are increasingly difficult to accrue due to the large numbers of providers present on the Web. It is a beneficial situation for both sides.”

The VendorSeek Web site, found at www.vendorseek.com, enables buyers to place requests and get free quotes and qualified vendors to become part of the system, in addition to offering articles relating to their service categories through their Industry Experts section.